Bill · S. 2681· Senate(119-S-2681)

Lowering Electric Bills Act

Age: 76 years

New York

Introduced: 8/2/2025
Last activity: 8/2/2025 — Read twice and referred to the Committee on Finance. (text: CR S5515)
Sponsored by: Charles Schumer
Cosponsors: - 38 - 0

Taxation

Introduced
In Committee

What this bill would do

This bill, known as the "Lowering Electric Bills Act," aims to amend the Internal Revenue Code of 1986. Its primary purpose is to extend the availability of certain clean energy credits. Specifically, it seeks to extend the Residential Clean Energy Credit through December 31, 2034. The bill also modifies the Clean Electricity Production Credit and the Clean Electricity Investment Credit.

Yes· 3 of 10

Does this put more money into wind, solar and other renewable power?+6
The extension of the Residential Clean Energy Credit and updates to production credits encourage more investment in renewable energy.
Does this cut the pollution that drives climate change?+5
The bill extends credits to incentivize clean electricity production and reduce greenhouse gas emissions.
Would middle-income households be better off under this?+4
The extension of the Residential Clean Energy Credit provides direct tax incentives for middle-income home improvements.